Neelam Linens IPO vs Premium Plast IPO

Comparison between Neelam Linens IPO and Premium Plast IPO.

IPO Details

Neelam Linens IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Premium Plast IPO is a SME Bookbuilding proposed to list at NSE SME.

	Neelam Linens IPO	Premium Plast IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Pvt.Ltd.	Khandwala Securities Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Globalworth Securities Ltd.	Asnani Stock Broker Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Neelam Linens IPO is up to ₹12.34 Cr whereas the issue size of the Premium Plast IPO is up to ₹24.87 Cr. The final issue price of Neelam Linens IPO is ₹24.00 per share and of Premium Plast IPO is ₹49.00 per share.

	Neelam Linens IPO	Premium Plast IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹20.00 per share	₹46.00 per share
Issue Price (Upper)	₹24.00 per share	₹49.00 per share
Issue Price (Final)	₹24.00 per share	₹49.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	6000 shares	3000 shares
Fresh Issue Size	51,42,000 shares	50,76,000 shares
Fresh Issue Size (Amount)	up to ₹12.34 Cr	up to ₹24.87 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	51,42,000 shares	50,76,000 shares
Issue Size Total (Amount)	up to ₹12.34 Cr	up to ₹24.87 Cr

IPO Timetable

Neelam Linens IPO opens on Nov 08, 2024, while Premium Plast IPO opens on Oct 21, 2024. The closing date of Neelam Linens IPO and Premium Plast IPO is Nov 12, 2024, and Oct 23, 2024, respectively.

	Neelam Linens IPO	Premium Plast IPO
Anchor Bid Date	Nov 07, 2024
Issue Open	Nov 08, 2024	Oct 21, 2024
Issue Close	Nov 12, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Nov 13, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Nov 14, 2024	Oct 25, 2024
Credit of Share (Tentative)	Nov 14, 2024	Oct 25, 2024
Listing date (Tentative)	Nov 18, 2024	Oct 28, 2024
Anchor Lockin End date 1	Dec 13, 2024
Anchor Lockin End date 2	Feb 11, 2025

Financials & KPIs

Neelam Linens IPO P/E ratio is 14.44, as compared to Premium Plast IPO P/E ratio of 14.11.

Neelam Linens IPO

Premium Plast IPO

Financials

Neelam Linens and Garments (India) Ltd Financial Information (Restated Consolidated)

Neelam Linens and Garments (India) Ltd's revenue decreased by -0.63% and profit after tax (PAT) rose by 3.43% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,050.23	12,116.76	9,967.97	7,860.13	6,467.92
Total Income	2,195.39	10,474.42	10,541.13	10,379.69	8,017.82
Profit After Tax	80.46	246.05	237.88	298.58	41.53
Net Worth	2,428.80	2,348.34	2,102.30	1,468.42	1,169.84
Reserves and Surplus	948.80	868.34	1,362.30	1,448.42	1,149.84
Total Borrowing	7,566.04	6,964.94	6,534.02	5,110.22	5,259.22
Amount in ₹ Lakhs

Premium Plast Limited Financial Information (Restated Consolidated)

Premium Plast Limited's revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,006.31	3,809.23	2,905.45	2,516.95
Total Income	1,212.81	4,670.59	4,404.83	3,104.78
Profit After Tax	141.16	477.55	159.32	77.7
Net Worth	2,216.67	1,652.51	1,174.96	1,015.64
Reserves and Surplus	841.56	1,176.45	698.91	539.59
Total Borrowing	506.84	830.98	505.35	512.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

74.18

95.45

Promoter Shareholding (Post-Issue)

54.29

68.73

P/E Ratio

14.44

14.11

Market Cap

₹48.52 Cr.

₹93.58 Cr.

ROE

2.99%

6.37%

ROCE

3.84%

7.88%

Debt/Equity

3.12

EPS

₹1.66

₹3.47

RoNW

3.31%

6.37%

Shares Offered

In the Neelam Linens IPO Retail Individual Investors (RII) are offered 18,00,000 shares while in Premium Plast IPO retail investors are offered 18,00,000 shares. Qualified Institutional Buyers (QIB) are offered 10,32,000 shares in Neelam Linens IPO and 5,10,000 shares in Premium Plast IPO.

	Neelam Linens IPO	Premium Plast IPO
Anchor Investor Reserveration	15,36,000 shares
Market Maker Reserveration	2,76,000 shares	2,70,000 shares
QIB	10,32,000 shares	5,10,000 shares
NII	7,74,000 shares	22,83,000 shares
RII	18,00,000 shares	22,83,000 shares
Employee
Others
Total	51,42,000 shares	50,76,000 shares

Bids Received (Subscription)

Neelam Linens IPO subscribed 91.97x in total, whereas Premium Plast IPO subscribed 38.87x.

	Neelam Linens IPO	Premium Plast IPO
QIB (times)	15.40x	6.74x
NII (times)	273.47x	19.56x
Big NII (times)
Small NII (times)
RII (times)	57.82x	65.37x
Employee (times)
Other (times)
Total (times)	91.97x	38.87x

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